A u.s. firm has purchased for 50000 fcs an electric, Ask an Expert

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A U.S. firm has purchased, for 50,000 FCs, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is the final recorded value if the two-transaction method is used?

a. $40,000

b. $38,000

c. $42,000

d. $50,000

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Accounting Basics, Accounting

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